Common use of Subsequent Recovery Clause in Contracts

Subsequent Recovery. Indemnitee or Claimant shall or shall cause any of its Affiliates (including, as the case may be, the Company or any of its Subsidiaries) to reimburse to the Indemnitor or Recipient any amount paid by such Indemnitor or Recipient to the extent that such amount is subsequently recovered by or paid to such Indemnitee or Claimant or any of its Affiliates by any third party (excluding under any insurance policy) as a result of the same facts or matters which have given rise to the payment of the sum paid by the Indemnitor or Recipient.

Appears in 2 contracts

Sources: Stock Purchase Agreement (Premier Parks Inc), Stock Purchase Agreement (Premier Parks Inc)